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BRIEF: West Chester resident sent to prison for defrauding elderly man of $91,000

Dayton Daily News (OH)

Oct. 10--BUTLER COUNTY -- A 75-year-old West Chester Twp. man has been sent to prison for securities fraud, according to the Butler County Prosecutor's Office.

Ronald Lee Jennings, of West Hartford Court, was given a two-year prison sentence Monday by Butler County Common Pleas Judge Michael Oster. He was also ordered to pay restitution of $40,000.

Jennings received $91,000 from an elderly Ohio resident in exchange for a note of corporation issued by his business, Mature Planning Personal Services Inc., which also operated as Mature Planning Financial Services Inc.

Jennings solicited the elderly investor using false representations and material omissions about the nature of the businesses and the nature of the transaction.

The note was not properly registered for sale in or from Ohio.

In August, Jennings pleaded guilty to fraudulent acts or practices in the sale of securities, a second-degree felony.

The case was prosecuted by Butler County Assistant Prosecutor Gloria Sigman.